A | B |
Goodyear has an agreement with Honda to operate manufacturing in the US | joint venture |
US company hiring foreign companies to produce products | contract manufacturing |
Occurs when there is a halt of shipping products from one country to another | embargo |
A highly educated workforce has the capability of producing high tech goods and selling them to other nations | comparative advantage |
Changing or adjusting advertising messages to reflect government regulations | promotion adaptation |
Methods used to practice protectionism | tariffs and quotas |
Cable tv and satellite radio in the US represent this factor affecting international business | technology |
Selling motor vehicle parts and telecommunications equipment to other nations | exporting |
Developing products to be sold in specific foreign target markets using the US brand | product adaptation |
Language and symbols are examples of which factor affecting international business | socio-cultural |
Threat of counterfeiting is a major disadvantage or advantage of contract manufacturing | disadvantage |
Operating business in several countries | multi-national |
Worldwide brand recognition is an advantage of | globalization |